
DAMAC Islands 2 is the highly anticipated second phase of DAMAC's award-winning Venice-inspired waterfront community in Dubailand. Building on the extraordinary success of DAMAC Islands, this second phase introduces a new collection of 4 and 5-bedroom luxury villas and townhouses, set amid expanded crystal lagoons, lush tropical landscaping, and premium beachfront promenades. With starting prices from AED 2.4 million and an attractive 80/20 payment plan, DAMAC Islands 2 represents one of Dubai's most compelling villa investment opportunities for 2028 handover.
DAMAC Islands 2 expands the award-winning Islands masterplan with new villa clusters, expanded lagoons, and premium waterfront amenities. Phase 2 introduces enhanced community features and a broader selection of villa configurations.
Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.
Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.
| Benchmark | AED / sq ft | Indicative Ticket | Context |
|---|---|---|---|
| DAMAC Islands 2 launch basis | 600 | AED 2.40M | Current launch / asking basis |
| Dubailand ready-stock comps | 1,500 | AED 6.00M | Indicative resale benchmark |
| Dubailand premium peer launches | 1,850 | AED 7.40M | New-launch peer set |
| Trophy alternative proxy | 2,250 | AED 9.00M | Higher-end anchor for negotiation context |


80% paid in instalments throughout the construction period
20% due on key collection — ideal for post-handover financing
Need a detailed payment schedule?
Our advisors provide full milestone breakdowns at no cost.
Second phase of Dubai's most acclaimed waterfront villa community
4 to 5-bedroom luxury villas from AED 2.4M
Expanded crystal lagoons and private beach access
80/20 payment plan — only 20% on handover
Q1 2028 handover — ideal for long-term investors
DAMAC Properties — 43,000+ units delivered in Dubai
Limited units available · Direct developer pricing
Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
Register Your Interest